Common use of Extension of Revolving Credit Termination Date Clause in Contracts

Extension of Revolving Credit Termination Date. (a) During the period commencing not more than 120 days prior to, and ending not less than 30 days prior to, the then effective Revolving Credit Termination Date, the Borrower may, in its sole discretion, extend such Revolving Credit Termination Date up to two times of up to six months each by delivering to the Administrative Agent on each occasion a written notice (the “Extension Request”), which the Administrative Agent shall distribute promptly to the Lenders, provided that, the Revolving Credit Termination Date, as extended, shall not be later than February 10, 2027.

Appears in 2 contracts

Samples: Credit Agreement (Essential Properties Realty Trust, Inc.), Credit Agreement (Essential Properties Realty Trust, Inc.)

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Extension of Revolving Credit Termination Date. Borrower may, by notice to Administrative Agent (awhich shall promptly deliver a copy to each of the Lenders) During the period commencing given at least forty-five (45) days and not more than 120 ninety (90) days prior to, and ending not less than 30 days prior to, to the then effective Revolving Credit Termination Date, the Borrower may, in its sole discretion, extend such then-existing Revolving Credit Termination Date up to two times of up to six months each by delivering to the Administrative Agent on each occasion a written notice (the “Extension RequestExisting Termination Date”), which the Administrative Agent shall distribute promptly subject to the Lendersconditions in this Section 1.16, provided that, the Revolving Credit Termination Date, as extended, shall not be later than February 10, 2027.‑21

Appears in 2 contracts

Samples: Whitestone Credit Agreement (Pillarstone Capital Reit), Whitestone Credit Agreement (Whitestone REIT)

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Extension of Revolving Credit Termination Date. (a) During the period commencing not more than 120 days prior to, and ending not less than 30 days prior to, the then effective Revolving Credit Termination Date, the Borrower may, in its sole discretion, extend such Revolving Credit Termination Date up to then in effect, the Borrower may request two times six-month extensions of up to six months each the Revolving Credit Termination Date by delivering to the Administrative Agent on each occasion a written notice (the “Extension Request”), which the Administrative Agent shall distribute promptly to the Lenders, provided that, (i) the Borrower may not submit more than two Extension Requests and (ii) the Revolving Credit Termination Date, as extended, shall not be later than February 10[●], 20272020.

Appears in 1 contract

Samples: Credit Agreement (Chatham Lodging Trust)

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